HDFC cuts Home Loan rates

After ICICI Bank, HDFC also announced a reduction in its Home Loan rates of up to 15 basis points, effective 4th November, 2016.

“Over the past couple of months we have seen a drop in our marginal costs of funds and as always HDFC has ensured that benefit is passed on to its customers” said Ms.Renu Sud Karnad, Managing Director, HDFC Ltd .

For loans beyond Rs. 75 lakh, the interest rate has been revised downwards to 9.25% for women borrower and 9.30% for others.